Eight of top-10 firms add Rs 98,235 cr in m-cap; Infosys, TCS lead gainers

Eight of the 10 most valued firms together added Rs 98,234.82 crore in market valuation last week, with IT majors Infosys and TCS emerging as the biggest gainers amid a positive momentum in equities

Tata Consultancy Services, TCS
Photo: Shutterstock
Press Trust of India New Delhi
2 min read Last Updated : Aug 07 2022 | 10:53 AM IST

Eight of the 10 most valued firms together added Rs 98,234.82 crore in market valuation last week, with IT majors Infosys and TCS emerging as the biggest gainers amid a positive momentum in equities.

Last week, the BSE benchmark Sensex advanced 817.68 points or 1.42 per cent.

From the top-10 pack, HDFC twins were the only laggards.

The market valuation of Infosys jumped Rs 28,170.02 crore to reach Rs 6,80,182.93 crore.

Tata Consultancy Services (TCS) added Rs 23,582.58 crore, taking its valuation to Rs 12,31,362.26 crore.

The market valuation of Reliance Industries Limited climbed Rs 17,048.21 crore to stand at Rs 17,14,256.39 crore and that of ICICI Bank advanced Rs 13,861.32 crore to Rs 5,83,261.75 crore.

The market capitalisation (m-cap) of Life Insurance Corporation of India (LIC) went higher by Rs 6,008.75 crore to Rs 4,34,748.72 crore and that of Bajaj Finance increased Rs 5,709.2 crore to Rs 4,42,157.08 crore.

State Bank of India's valuation went up by Rs 2,186.53 crore to Rs 4,73,584.52 crore and that of Hindustan Unilever Limited (HUL) advanced by Rs 1,668.21 crore to Rs 6,21,220.18 crore.

On the other hand, the m-cap of HDFC declined by Rs 4,599.68 crore to Rs 4,27,079.97 crore.

HDFC Bank's valuation dipped Rs 4,390.73 crore to Rs 7,92,860.45 crore.

In the ranking of top-10 firms, Reliance Industries retained the title of the most valued domestic company, followed by TCS, HDFC Bank, Infosys, HUL, ICICI Bank, SBI, Bajaj Finance, LIC and HDFC.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :MarketsInfosys Tata Consultancy ServicesReliance Industries

First Published: Aug 07 2022 | 10:53 AM IST

Next Story